Ready to save $10k-$50k in taxes this year? Book a call here:

► https://taxstrategy365.com/pod-app

If a real estate contract doesn’t have the right protections, you can end up overpaying, losing your deposit, or getting stuck with costly repairs. In this episode, I walk through the six key clauses I use in every deal to make sure I'm protected—no matter what market I’m in. I cover things like inspection contingencies, appraisal gaps, financing terms, permit and license transfers, and the “and/or assign” clause. I also share a few stories from my own deals where these clauses saved me thousands.

Timestamps:

00:00:00 Intro

00:00:27 Why contracts can make or break your deal

00:01:11 Understanding buyer vs. seller markets

00:02:13 How market conditions impact your negotiation leverage

00:03:14 Strategy if you're a buyer

00:04:13 Strategy if you're a seller

00:05:26 Inspection contingency explained

00:07:32 Real-world example: tree roots and sewer damage

00:08:01 Appraisal contingency breakdown

00:10:02 What is an appraisal gap and how to handle it

00:10:36 Financing contingency and rising interest rates

00:11:52 DSCR example and renegotiating purchase price

00:13:10 Why financing contingencies are critical

00:13:50 Permit and license transfer contingency

00:15:57 STR regulation example from Hot Springs, AR

00:16:19 Why this matters in regulated or urban markets

00:17:15 Assignment clause and “and/or assign” contracts

00:18:08 Contingency checklist for real estate deals

Want me to answer your real estate questions? Come to my next Ask Me Anything Q&A:

► https://taxstrategy365.com/pod-ama

Let's connect!

► Instagram: https://www.instagram.com/ryanbakkecpa/

► LinkedIn: https://www.linkedin.com/in/ryanbakkecpa/

► Twitter: https://twitter.com/RyanBakkeCPA

► Facebook: https://www.facebook.com/ryanbakkecpa

► TikTok: https://www.tiktok.com/@ryanbakkecpa⁠

*None of this is meant to be specific investment advice, it's for entertainment purposes only.